На этой же странице дается инструкция по установке и ссылка на установочную утилиту и на утилиту устранения ошибки
A InstallHFX.exe utility was provided by Pinnacle in order to free some of the transitions which are below!
InstallHFX.exe, has small utility developped by Pinnacle will unlock few HFX transitions below!

InstallHFX.exe
Copy the InstallHFX.EXE program in the repertory..\Pinnacle\HollywoodFX\6.0 (and replace the existing file).
You will have to reinstall files HFZ posing of the problems (while double-clicking on file HFZ)
Copy InstallHFX.exe in folder..\Pinnacle\HollywoodFX\6.0 (and replaces the existing file). Then, Re-install HFZ which are watermarked!

One automatic fix (after installing HFZ) has been provided by cr1 (Pinnacle webboard). Just download it and execute it!
A file beats was carried out by cr1, in order to avoid the tiresome task of obliteration of the files after installation of a HFZ!
Repare_HFX.bat